Governance

Investment Principles

Our investment principles guide us in our mission of enhancing the University’s long-term financial security.

  • We seek to earn high real returns that compensate for the risks associated with investment and enable the endowment to support current and future generations of Brown scholars.
  • We expect the highest level of integrity and intellectual honesty from our managers and our team.
  • We pursue a value-oriented strategy with a focus on long-term compounding.
  • We endeavor to partner with world-class managers and strive to concentrate in our best investment opportunities.
  • We believe our competitive advantages are our alumni, permanent capital base, and long-term perspective.
  • We are data-driven, analytical, and proactive.

Governance

The Brown Corporation—the University’s governing board—and Brown’s senior administrators share governance responsibilities for the endowment. This oversight is effectuated through the Brown Investment Committee which is comprised of experienced finance and investment professionals selected by the Corporation members. The Investment Committee formulates the investment policies – asset allocation ranges, liquidity and risk guidelines - that mandate how the endowment is managed and provide support for the Investment Office. The Investment Office is responsible for the daily management of the endowment and other University financial assets. Current Investment Committee members include:

Samuel Mencoff '78, University Chancellor
Madison Dearborn Partners

Christina Paxson, University President

Robert Goodman '82, Chair
Bessemer Venture Partners

Laurence Cohen '78, Vice Chair
Seven Bridges Advisors

Todd Fisher '87, Budget & Fin. Chair

Theresia Gouw '90, University Treasurer
Aspect Ventures

Richard Friedman '79
Goldman Sachs & Company

Jonathan Nelson '77
Providence Equity Partners

Ralph Rosenberg '86
Kohlberg Kravis Roberts & Co.

Barry Rosenstein
JANA Partners

Charles Royce '61
Royce & Associates

Pablo J. Salame '88
Goldman Sachs

Zach Schreiber '95
PointState Capital

Matthew Sirovich '87
Scopia Capital Management

Barry Sternlicht '82
Starwood Capital Group

Nancy Zimmerman '85
Bracebridge Capital

 


 

Advisory Committee on Corporate Responsibility in Investment Policies (ACCRIP)

The Advisory Committee on Corporate Responsibility in Investment Policies (ACCRIP) considers issues of ethical and moral responsibility in the investment policies of Brown. The Committee members include students, faculty, staff and alumni of the University. ACCRIP works to ensure that the endowment is invested in line with the values of the Brown community. For more information, please visit ACCRIP.